Gilmore: Labour will not be bound by IMF/EU deal

Labour leader Eamon Gilmore has angrily told the Dáil his party will not be bound by the agreement for loans from the IMF and Europe.

Labour leader Eamon Gilmore has angrily told the Dáil his party will not be bound by the agreement for loans from the IMF and Europe.

But Tánaiste Mary Coughlan challenged Mr Gilmore to state how the country can be funded next year.

Plans to change the Dáil schedule next week to make way for a full debate on the Budget and a possible social protection bill did not go down well with the Opposition.

The Labour leader stood waving the draft agreement with the IMF and Europe, pointing out how it effectively outlined the next four budgets, even though this Government would not be there to implement them.

Mr Gilmore then gave his verdict on the agreement.

“This is a sellout of our country,” Mr Gilmore said. “This is a surrender by this Government of this country’s sovereignty, of its right to make its own decisions, of its right to determine its own budgets – and the Labour Party… will not be bound by this document.”

But the Tánaiste challenged him to say what was the alternative.

“How, on that basis, (will he) obtain access to the €400m per week we need to borrow in order to keep this country going?”

The Government won the vote, clearing the way for the change in business next week.

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